Wednesday, 30 March 2016

Top 14 stocks in focus today: Sun Pharma, GAIL, Tata Steel

Check out the companies which will be in focus during trade today based on recent and latest news developments. 

Stocks to watch
Sun Pharmaceutical Industries: Sun Pharma has acquired 14 prescription brands from Novartis AG and Novartis Pharma AG in Japan for $293 million, the company said on Tuesday.

Jindal Steel and Power is in talks with Japan's Yamato Kogyo Company Ltd to sell up to 49% stake in its rail mill unit, according to reports.

GAIL (India) Ltd: GAIL has started drilling its first exploratory well in its onshore oil and gas block in the Cambay Basin in western India.

Bank of India: The bank has informed BSE that the Government of India has conveyed their approval to infuse capital funds to the tune of Rs. 1150 Crore  in the Bank by way of preferential allotment of equity shares in favour of Government of India.

Majesco: Majesco announced that SPLICE Software, a provider of solutions that connect insurance companies and customers with a real-time, data-driven engagement across all mediums of automated communication, has joined their partner ecosystem.

Tata Steel: Tata Steel is expected to announce the sale of its entire UK business,as per media reports.

Tata Teleservices: Future group’s Kishore Biyani would apply for a mobile virtual network operators (MVNO) licence once the policy is formally announced, reports a business daily.Biyani told the financial newspaper that he would shortly initiate discussions with Tata Teleservices to lease spectrum and infrastructure.

Central Bank of India: The bank has informed BSE that the Government of India, Ministry of Finance vide letter dated March 28, 2016 conveyed its decision to infuse capital funds to the tune of Rs. 535.00 crore in Central Bank of India by way of preferential allotment of equity in favour of the Government of India.

Cadila Healthcare: The pharma company has received approval from the US health regulator USFDA to market anti-viral generic Acyclovir capsules in the American market.

Unity Infraprojects: Unity Infraprojects Ltd has informed BSE that the Lenders of the Company in its Joint Lenders Forum (JLF) held on March 29, 2016 has approved in "In principle" the decision for invocation of Strategic Debt Restructuring (SDR) pursuant to RBI Circular dated June 08, 2015.

Piramal Enterprises: Piramal Enterprises Limited through its Structured Investment Group  and Dutch pension fund asset manager APG Asset Management will invest USD 132 million to power the Essel Infrastructure’s Solar IPP platform across India.

CEAT Ltd: The company has commissioned, its greenfield unit, situated at Buti Bori, near Nagpur, Maharashtra, with effect from March 28, 2016, which has resulted in addition of 15MT per day in the installed capacity of Nagpur plant. Full expansion project of 120MT per day is however expected to be commissioned, in phases, by end of FY 2017-18.

Reliance Infra: Anil Ambani-led Reliance Infrastructure Ltd (R-Infra), through its unit Reliance Defence Ltd, and Rafael Advanced Defence Systems Ltd of Israel have decided to set up a joint venture company in India in the highly specialized areas of air-to-air missiles, air defence systems and large aerostats.

Ashok Leyland: Ashok Leyland, the largest supplier of logistics vehicles to the Indian Army, has won orders valued at Rs.800 crore from the armed forces, the company said in a statement on Tuesday.

HCL Technologies: HCL Tech has been recognized as a Leader for Worldwide Application Modernization Services for Oracle Upgrades by IDC in its recently published report, “IDC MarketScape: Worldwide Application Modernization Services for Oracle Upgrades 2016 Vendor Assessment”. 

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